Safe and Green Development Corporation to Develop An Eco Friendly Retail Outlet on 18-Acre Property through Joint Venture
Safe and Green Development (NASDAQ: SGD) has announced a joint venture with Properties by Milk & Honey to develop an eco-friendly retail outlet on an 18-acre property in Palmview, Texas. The joint venture, named Pulga Internacional , will focus on converting the property into a retail space using repurposed shipping containers.
SG Devco will manage financial planning and container repurposing, while Milk & Honey will handle permits and project coordination. The development is set to break ground later this year, with completion expected in mid-2025. This project marks SG Devco's strategic expansion into Texas and reinforces its commitment to sustainable development.
Safe and Green Development (NASDAQ: SGD) ha annunciato una joint venture con Properties by Milk & Honey per sviluppare un negozio eco-friendly su una proprietà di 18 acri a Palmview, Texas. La joint venture, chiamata Pulga Internacional, si concentrerà sulla conversione della proprietà in uno spazio commerciale utilizzando container di spedizione riutilizzati.
SG Devco gestirà la pianificazione finanziaria e il riutilizzo dei container, mentre Milk & Honey si occuperà dei permessi e del coordinamento del progetto. Lo sviluppo avrà inizio entro la fine di quest'anno, con il completamento previsto per metà del 2025. Questo progetto segna l'espansione strategica di SG Devco in Texas e rafforza il suo impegno per uno sviluppo sostenibile.
Safe and Green Development (NASDAQ: SGD) ha anunciado una joint venture con Properties by Milk & Honey para desarrollar un punto de venta ecológico en una propiedad de 18 acres en Palmview, Texas. La joint venture, denominada Pulga Internacional, se enfocará en convertir la propiedad en un espacio minorista utilizando contenedores de envío reutilizados.
SG Devco se encargará de la planificación financiera y la reutilización de los contenedores, mientras que Milk & Honey gestionará los permisos y la coordinación del proyecto. El desarrollo está previsto que comience a finales de este año, con finalización esperada en mediados de 2025. Este proyecto marca la expansión estratégica de SG Devco en Texas y refuerza su compromiso con el desarrollo sostenible.
Safe and Green Development (NASDAQ: SGD)는 Texas의 Palmview에 있는 18에이커 부지에 친환경 소매점을 개발하기 위해 Properties by Milk & Honey와 합작 투자를 발표했습니다. Pulga Internacional이라는 이름의 이 합작 투자는 이 부지를 재활용한 해상 컨테이너를 사용하여 소매 공간으로 변환하는 데 중점을 둘 것입니다.
SG Devco는 재무 계획 및 컨테이너 재활용을 관리하고, Milk & Honey는 허가 및 프로젝트 조정을 담당합니다. 개발은 올해 말에 착공할 예정이며, 완료는 2025년 중반으로 예상됩니다. 이 프로젝트는 SG Devco의 텍사스에서의 전략적 확장을 의미하며, 지속 가능한 개발에 대한 헌신을 강화합니다.
Safe and Green Development (NASDAQ: SGD) a annoncé un partenariat avec Properties by Milk & Honey pour développer un point de vente écologique sur une propriété de 18 acres à Palmview, Texas. Le partenariat, nommé Pulga Internacional, se concentrera sur la conversion de la propriété en un espace de vente au détail utilisant des conteneurs d'expédition réutilisés.
SG Devco s'occupera de la planification financière et de la réutilisation des conteneurs, tandis que Milk & Honey prendra en charge les permis et la coordination du projet. Le développement devrait commencer plus tard cette année, avec une achèvement prévu pour mi-2025. Ce projet marque l'expansion stratégique de SG Devco au Texas et renforce son engagement envers un développement durable.
Safe and Green Development (NASDAQ: SGD) hat ein Joint Venture mit Properties by Milk & Honey angekündigt, um ein umweltfreundliches Einzelhandelsgeschäft auf einem 18 Hektar großen Grundstück in Palmview, Texas, zu entwickeln. Das Joint Venture namens Pulga Internacional wird sich darauf konzentrieren, das Grundstück in einen Einzelhandelsraum mit wiederverwendeten Versandcontainern umzuwandeln.
SG Devco wird die finanzielle Planung und die Wiederverwendung der Container verwalten, während Milk & Honey die Genehmigungen und die Projektkoordination übernehmen wird. Die Entwicklung soll später in diesem Jahr beginnen, mit einem Abschluss, der für mitte 2025 erwartet wird. Dieses Projekt markiert die strategische Expansion von SG Devco in Texas und verstärkt das Engagement für nachhaltige Entwicklung.
- Joint venture formation for eco-friendly retail outlet development
- Expansion into Texas market
- Innovative use of repurposed shipping containers for cost-effective construction
- Clear project timeline with expected completion in mid-2025
- None.
Insights
This joint venture presents an innovative approach to sustainable retail development. The use of repurposed shipping containers is a cost-effective and eco-friendly solution that aligns with growing market trends towards sustainability. However, the project's success will largely depend on execution and market reception.
The 18-acre property in Palmview, Texas, offers significant development potential, but its location and local market dynamics will be important factors. The anticipated completion in mid-2025 provides a reasonable timeline, allowing for proper planning and potential market adjustments.
While the concept is promising, investors should consider the financial implications and potential risks associated with this unconventional development approach. The project's success could position SGD as a leader in sustainable retail development, but its impact on the company's financials remains to be seen.
The eco-friendly retail outlet concept using repurposed shipping containers is a commendable initiative in sustainable development. This approach significantly reduces construction waste and the carbon footprint associated with traditional building methods.
However, the true environmental impact will depend on various factors, including energy efficiency measures, water conservation strategies and the overall design of the retail space. The project's success in terms of sustainability will be determined by how well these elements are integrated into the development plan.
Investors should look for specific sustainability metrics and certifications (such as LEED) that the project aims to achieve. These will provide concrete indicators of the development's environmental performance and potential long-term value in an increasingly eco-conscious market.
The 18-acre property, which will be conveyed by Milk & Honey to Pulga Internacional LLC, will be converted into an eco-friendly retail outlet using shipping containers.
"We are excited to partner with Milk & Honey on this innovative project," said David Villarreal, CEO of SG Devco. "This joint venture aligns with our commitment to sustainable eco-friendly development projects and our vision of creating versatile, community-oriented spaces. By repurposing shipping containers, we are not only minimizing waste but also providing a cost-effective solution that meets the needs of local businesses and residents."
Milk & Honey will play a crucial role in ensuring that all necessary permits, licenses, and approvals are obtained for the project. They will also assist with the ongoing management and coordination of the development to ensure that it is completed on time and within budget. SG Devco will oversee and manage all aspects of the financial planning as well as managing the repurposing and construction of shipping containers.
The joint venture, Pugla Internacional LLC, is expected to break ground on the development later this year, with the project completion anticipated in mid-2025. This development marks a significant milestone in the Company's strategic expansion into
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel. The thesis of development is to build strong, innovative and green, single or multifamily projects across all income and asset classes. Additionally, a majority owned subsidiary of SG DevCo, Majestic World Holdings LLC, is a prop-tech company that has created a real estate AI Platform. The Platform aims to decentralize the real estate marketplace, creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment. MyVONIA Innovations LLC, a wholly own subsidiary, is the owner of MyVONIA which is an AI-powered personal assistant designed to help simplify daily tasks and improve productivity for individuals and businesses. MyVONIA aims to assist with managing both personal and professional tasks.
About Properties by Milk & Honey LLC
Properties by Milk & Honey LLC is a
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